LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global HVAC rental equipment market since 2016 and the market is poised to grow by USD 1.92 billion during 2020-2024, progressing at a CAGR of more than 7% over the forecast period. Request free sample pages
Read the 161-page report with TOC on “HVAC Rental Equipment Market Analysis Report by End-Users (Industrial, Commercial, and Residential), Geography (APAC, Europe, MEA, North America, and South America), and the Segment Forecasts, 2020-2024.”
The market is driven by the cost advantages associated with renting HVAC equipment. In addition, the rising focus on energy-efficient equipment is anticipated to boost the growth of the HVAC rental equipment market.
Renting HVAC equipment is a cost-effective option for accessing the latest technologies without investing a huge capital. HVAC equipment rental companies also take care of possession costs, devaluation, and repair and maintenance charges, and offer convenient options as per end-user requirements. Some renting contracts also include a buying or return policy which provides end-users an option to buy the equipment at the end of the contract period. Many such cost benefits are encouraging end-users to rent HVAC equipment, which is driving the market growth.
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Major Five HVAC Rental Equipment Companies:
Aggreko Plc operates the business across segments such as Rental solutions and Power solutions. The company offers HVAC rentals to industries such as building services and construction, petrochemical and refining, oil and gas, manufacturing, and quarrying and mining.
Ashtead Group Plc
Ashtead Group Plc operates its business across segments such as Sunbelt US, A-Plant, and Sunbelt Canada. The company offers a wide range of climate control – cooling and climate control & HVAC solutions through the A-Plant and Sunbelt segments.
Enercare Inc. operates the business across segments such as Residential, Commercial, and Sub-metering. The company offers a wide range of heating & cooling, water heaters & storage tanks, and equipment protection & maintenance plans.
Herc Holdings Inc.
Herc Holdings Inc. operates its business through the segment, worldwide equipment rental. The company offers a wide range of equipment rental services for various industries such as agriculture, government, industrial, power generation, and entertainment.
HVAC RENTALS operates the business across segments such as AIR CONDITIONING, REFRIGERATION ICE RINKS, HEATING, GENERATORS POWER DISTRIBUTION, VENTILATION, DUST COLLECTORS, and HUMIDITY DEHUMIDIFICATION. The company offers high-capacity portable, mobile, and permanent heating systems on rent for use in commercial, industrial or institutional facilities, and events.
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HVAC Rental Equipment End-Users Outlook (Revenue, USD Billion, 2020 - 2024)
HVAC Rental Equipment Regional Outlook (Revenue, USD Billion, 2020 - 2024)
- North America
- South America
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